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Backing up my comment previously about mortgages, here's a graph!

So things have improved slightly for mortgage holders since June, which would relate to the tax cuts and no further interest rate rises.

(ref https://www.roymorgan.com/findings/9697-mortgage-stress-risk-september-2024 )

#auspol
Mortgage Stress - % of Owner-Occupied Mortgage-Holders Currently: - 28.3 % are "At Risk" - 18.3 % are "Extremely At Risk" For a long period between 2012 and 2022 the numbers were a lot lower. Guessing an average - 18~ % are "At Risk" - 12~ % are "Extremely At Risk" Back at the GFC it was a lot higher than even today (28.9% At Riskk and 22.9% Extremely At Risk)

Risk of mortgage stress eases for third straight month - Roy Morgan Research

New research from Roy Morgan shows 28.3% of mortgage holders are now ‘At Risk’ of ‘mortgage stress’.
www.roymorgan.com
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Tom Roberts
But I'm gonna go out on a limb and say this graph is why the ALP may lose the next election.

Sure this is "Owner-Occupiers", but it seems logical to me that interest rate risess have also contributed a lot to rental increases as landlords have passed on mortgage costs.

#auspol
#auspol
Peter Tomlins
Exactly and all that money in extra interest is no longer being spent in businesses. So many people were locked into fix term mortgages so even though the RBA stopped raising rates, effectively as more people came off their fixed term the impact of the rate increases continued to grow.
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